Laura Jewett

Laura Jewett

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Closed

$389,000

($131,304 down)
FHA

1260 S Reed Street UNIT 5, Lakewood, CO 80232

3
2
1,566 sqft
PITI Monthly
$1,701.41 /mo

Listing courtesy of: Tim Wade, Keller Williams Advantage Realty LLC

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,163 /mo
$1,890 /mo

What's Special

SPACIOUS
FIREPLACE
VAULTED CEILINGS
FINISHED BASEMENT
PATIO
COZY

Brand New Carpet & Paint!! Welcome Home! Step inside this Spacious, Inviting, VAULTED and OPEN Floor Plan. Equipped with a Finished Basement Plus 2 DEEDED PARKING SPACES - right out front of unit. This Cedar Place 2 Bed/2 Bath Townhome is Conveniently Located (within sight) of Link Recreation Center & BEAUTIFUL PARK. Featuring: Newer WINDOWS*Vaulted Ceilings*Vinyl Plank Flooring*New HVAC and Furnace (approx. 2yrs)*Ceiling Fans and Cozy Main Floor Fireplace! Enjoy your Convenient Main Floor Laundry Area that leads to a Flat outdoor Patio Area. SUPER EASY LIVING Just 6 Minutes to Belmar's 80+ Shops and Restaurants and 18 Minutes to Downtown! This Townhouse is the perfect place to call HOME. Don't wait - schedule your showing today and see for yourself.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.89
Remaining Loan Term
25 years, 7 months
Monthly PITI
$1,701.41/mo
Estimated Loan Balance
$258,237
Cash to close
$131,304
Interest Paid
$34,026

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Wood Burning
  • Flooring: Carpet, Tile, Vinyl

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Townhouse
  • Architectural Style: Urban Contemporary
Materials
  • Brick, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1975
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cedar Place
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Cedar Place
  • HOA Amenities: Unknown
  • HOA Fee: $300
  • HOA Frequency: $Monthly
Location
  • Region: Lakewood

Financial Details

  • Price per Sqft: $248.4
  • Tax Annual Amount: $2279
  • On Market Date: 2024-04-04T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $131,304 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $131,304!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$257,696
Your Cash$131,304
Total Purchase Price:$389,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,163/mo
Traditional @ 7.5%
$1,960/mo
You save $797/month ($9,567/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC7372516

Listing From: recolorado

Last updated: 2024-10-01T18:00:37.000Z

© , recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,163 /mo
$1,890 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $131,304 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $131,304!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$257,696
Your Cash$131,304
Total Purchase Price:$389,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,163/mo
Traditional @ 7.5%
$1,960/mo
You save $797/month ($9,567/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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